ikea distribution services limited
ikea distribution services limited Company Information
Company Number
03568682
Website
www.ikea.comRegistered Address
100 avebury boulevard, milton keynes, MK9 1FH
Industry
Wholesale of furniture, carpets and lighting equipment
Wholesale of household goods (other than musical instruments) n.e.c.
Telephone
02036450000
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
ikea ltd 100%
ikea distribution services limited Estimated Valuation
Pomanda estimates the enterprise value of IKEA DISTRIBUTION SERVICES LIMITED at £66m based on a Turnover of £146.2m and 0.45x industry multiple (adjusted for size and gross margin).
ikea distribution services limited Estimated Valuation
Pomanda estimates the enterprise value of IKEA DISTRIBUTION SERVICES LIMITED at £60.5m based on an EBITDA of £11.2m and a 5.43x industry multiple (adjusted for size and gross margin).
ikea distribution services limited Estimated Valuation
Pomanda estimates the enterprise value of IKEA DISTRIBUTION SERVICES LIMITED at £37.2m based on Net Assets of £22m and 1.69x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ikea Distribution Services Limited Overview
Ikea Distribution Services Limited is a live company located in milton keynes, MK9 1FH with a Companies House number of 03568682. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in May 1998, it's largest shareholder is ikea ltd with a 100% stake. Ikea Distribution Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £146.2m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ikea Distribution Services Limited Health Check
Pomanda's financial health check has awarded Ikea Distribution Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £146.2m, make it larger than the average company (£17.5m)
£146.2m - Ikea Distribution Services Limited
£17.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.7%)
8% - Ikea Distribution Services Limited
5.7% - Industry AVG
Production
with a gross margin of 14.5%, this company has a higher cost of product (29.2%)
14.5% - Ikea Distribution Services Limited
29.2% - Industry AVG
Profitability
an operating margin of 4.8% make it more profitable than the average company (3.6%)
4.8% - Ikea Distribution Services Limited
3.6% - Industry AVG
Employees
with 1367 employees, this is above the industry average (53)
1367 - Ikea Distribution Services Limited
53 - Industry AVG
Pay Structure
on an average salary of £32.3k, the company has an equivalent pay structure (£38.6k)
£32.3k - Ikea Distribution Services Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £106.9k, this is less efficient (£338.1k)
£106.9k - Ikea Distribution Services Limited
£338.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ikea Distribution Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (31 days)
16 days - Ikea Distribution Services Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ikea Distribution Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Ikea Distribution Services Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.2%, this is a higher level of debt than the average (54.7%)
69.2% - Ikea Distribution Services Limited
54.7% - Industry AVG
IKEA DISTRIBUTION SERVICES LIMITED financials
Ikea Distribution Services Limited's latest turnover from August 2023 is £146.2 million and the company has net assets of £22 million. According to their latest financial statements, Ikea Distribution Services Limited has 1,367 employees and maintains cash reserves of £9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 146,198,000 | 119,166,000 | 128,922,000 | 114,803,000 | 107,265,000 | 102,435,000 | 82,263,000 | 67,892,000 | 59,817,000 | 45,258,000 | 40,117,000 | 34,562,000 | 36,884,000 | 37,392,000 | 43,977,000 |
| Other Income Or Grants | 0 | 0 | 0 | ||||||||||||
| Cost Of Sales | 125,017,000 | 103,480,000 | 111,122,000 | ||||||||||||
| Gross Profit | 21,181,000 | 15,686,000 | 17,800,000 | ||||||||||||
| Admin Expenses | 14,119,000 | 10,083,000 | 11,879,000 | ||||||||||||
| Operating Profit | 7,062,000 | 5,603,000 | 5,921,000 | 5,256,000 | 4,724,000 | 4,598,000 | 3,796,000 | 3,185,000 | 2,744,000 | 2,282,000 | 3,158,000 | 1,577,000 | 2,207,000 | 745,000 | 3,350,000 |
| Interest Payable | 423,000 | 133,000 | 58,000 | 105,000 | 35,000 | 2,000 | 0 | 0 | 40,000 | 114,000 | 85,000 | 265,000 | 170,000 | 244,000 | 1,138,000 |
| Interest Receivable | 144,000 | 86,000 | 71,000 | 119,000 | 113,000 | 14,000 | 6,000 | 84,000 | 25,000 | 38,000 | 33,000 | 39,000 | 31,000 | 0 | 0 |
| Pre-Tax Profit | 6,783,000 | 5,556,000 | 5,934,000 | 5,270,000 | 4,802,000 | 4,676,000 | 3,700,000 | 3,204,000 | 2,746,000 | 2,215,000 | 3,066,000 | 1,351,000 | 2,068,000 | 501,000 | 2,212,000 |
| Tax | -769,000 | -1,267,000 | -745,000 | -748,000 | -962,000 | -1,174,000 | -733,000 | -724,000 | -531,000 | -403,000 | -880,000 | -464,000 | -970,000 | -986,000 | -666,000 |
| Profit After Tax | 6,014,000 | 4,289,000 | 5,189,000 | 4,522,000 | 3,840,000 | 3,502,000 | 2,967,000 | 2,480,000 | 2,215,000 | 1,812,000 | 2,186,000 | 887,000 | 1,098,000 | -485,000 | 1,546,000 |
| Dividends Paid | 0 | 5,000,000 | 0 | 3,000,000 | 3,500,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 0 | 2,000,000 | 0 | 0 | 1,500,000 | 5,000,000 |
| Retained Profit | 6,014,000 | -711,000 | 5,189,000 | 1,522,000 | 340,000 | 502,000 | -33,000 | 480,000 | -785,000 | 1,812,000 | 186,000 | 887,000 | 1,098,000 | -1,985,000 | -3,454,000 |
| Employee Costs | 44,113,000 | 39,901,000 | 33,987,000 | 30,701,000 | 28,076,000 | 27,164,000 | 24,122,000 | 26,337,000 | 19,667,000 | 7,553,000 | 5,752,000 | 5,204,000 | 6,277,000 | 6,957,000 | 7,905,000 |
| Number Of Employees | 1,367 | 1,316 | 1,305 | 1,092 | 959 | 901 | 839 | 892 | 700 | 252 | 216 | 192 | 219 | 268 | 316 |
| EBITDA* | 11,152,000 | 8,846,000 | 9,260,000 | 8,472,000 | 7,639,000 | 6,840,000 | 5,524,000 | 4,674,000 | 3,937,000 | 3,216,000 | 4,940,000 | 5,467,000 | 7,531,000 | 8,121,000 | 11,009,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 43,708,000 | 18,737,000 | 14,538,000 | 11,378,000 | 11,140,000 | 10,049,000 | 5,620,000 | 3,957,000 | 4,116,000 | 2,811,000 | 2,714,000 | 3,697,000 | 6,847,000 | 11,904,000 | 16,734,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 494,000 | 0 |
| Debtors (Due After 1 year) | 0 | 295,000 | 654,000 | 1,052,000 | 874,000 | 668,000 | 721,000 | 705,000 | 677,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 43,708,000 | 19,032,000 | 15,192,000 | 12,430,000 | 12,014,000 | 10,717,000 | 6,341,000 | 4,662,000 | 4,793,000 | 2,811,000 | 2,714,000 | 3,697,000 | 6,847,000 | 12,398,000 | 16,734,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 3,137,000 | 18,965,000 | 8,070,000 | 282,000 | 4,349,000 | 53,000 | 9,359,000 | 82,000 | 64,000 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 18,061,000 | 528,000 | 216,000 | 107,000 | 370,000 | 1,450,000 | 7,319,000 | 666,000 | 8,718,000 | 7,976,000 | 7,285,000 | 3,530,000 | 11,486,000 | 5,123,000 | 6,372,000 |
| Misc Debtors | 9,490,000 | 7,986,000 | 8,529,000 | 8,893,000 | 4,468,000 | 3,576,000 | 4,196,000 | 3,230,000 | 1,620,000 | 4,403,000 | 2,757,000 | 4,302,000 | 4,795,000 | 3,995,000 | 3,790,000 |
| Cash | 9,000 | 21,451,000 | 71,000 | 6,904,000 | 9,879,000 | 3,390,000 | 172,000 | 2,964,000 | 3,084,000 | 10,125,000 | 9,341,000 | 10,330,000 | 6,667,000 | 7,640,000 | 10,809,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,560,000 | 33,102,000 | 27,781,000 | 23,974,000 | 14,999,000 | 12,765,000 | 11,740,000 | 16,219,000 | 13,504,000 | 22,568,000 | 19,383,000 | 18,162,000 | 22,948,000 | 16,758,000 | 20,971,000 |
| total assets | 71,268,000 | 52,134,000 | 42,973,000 | 36,404,000 | 27,013,000 | 23,482,000 | 18,081,000 | 20,881,000 | 18,297,000 | 25,379,000 | 22,097,000 | 21,859,000 | 29,795,000 | 29,156,000 | 37,705,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,817,000 | 5,123,000 | 3,448,000 | 2,404,000 | 1,118,000 | 3,661,000 | 2,420,000 | 2,780,000 | 1,732,000 | 3,059,000 | 354,000 | 238,000 | 3,093,000 | 4,227,000 | 2,486,000 |
| Group/Directors Accounts | 21,448,000 | 20,225,000 | 16,910,000 | 13,776,000 | 8,970,000 | 4,679,000 | 3,510,000 | 3,742,000 | 4,179,000 | 10,272,000 | 12,043,000 | 13,199,000 | 17,363,000 | 17,715,000 | 24,865,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,444,000 | 9,964,000 | 5,110,000 | 7,605,000 | 5,515,000 | 5,244,000 | 2,940,000 | 5,202,000 | 3,729,000 | 2,606,000 | 2,070,000 | 978,000 | 2,782,000 | 1,755,000 | 2,771,000 |
| total current liabilities | 36,709,000 | 35,312,000 | 25,468,000 | 23,785,000 | 15,603,000 | 13,584,000 | 8,870,000 | 11,724,000 | 9,640,000 | 15,937,000 | 14,467,000 | 14,415,000 | 23,238,000 | 23,697,000 | 30,122,000 |
| loans | 1,231,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 848,000 | 1,151,000 | 1,464,000 | 292,000 | 107,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 11,368,000 | 876,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 139,000 |
| total long term liabilities | 12,599,000 | 876,000 | 848,000 | 1,151,000 | 1,464,000 | 292,000 | 107,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 139,000 |
| total liabilities | 49,308,000 | 36,188,000 | 26,316,000 | 24,936,000 | 17,067,000 | 13,876,000 | 8,977,000 | 11,744,000 | 9,640,000 | 15,937,000 | 14,467,000 | 14,415,000 | 23,238,000 | 23,697,000 | 30,261,000 |
| net assets | 21,960,000 | 15,946,000 | 16,657,000 | 11,468,000 | 9,946,000 | 9,606,000 | 9,104,000 | 9,137,000 | 8,657,000 | 9,442,000 | 7,630,000 | 7,444,000 | 6,557,000 | 5,459,000 | 7,444,000 |
| total shareholders funds | 21,960,000 | 15,946,000 | 16,657,000 | 11,468,000 | 9,946,000 | 9,606,000 | 9,104,000 | 9,137,000 | 8,657,000 | 9,442,000 | 7,630,000 | 7,444,000 | 6,557,000 | 5,459,000 | 7,444,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 7,062,000 | 5,603,000 | 5,921,000 | 5,256,000 | 4,724,000 | 4,598,000 | 3,796,000 | 3,185,000 | 2,744,000 | 2,282,000 | 3,158,000 | 1,577,000 | 2,207,000 | 745,000 | 3,350,000 |
| Depreciation | 4,090,000 | 3,243,000 | 3,339,000 | 3,216,000 | 2,915,000 | 2,242,000 | 1,728,000 | 1,489,000 | 1,193,000 | 934,000 | 1,782,000 | 3,890,000 | 5,324,000 | 7,376,000 | 7,659,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -769,000 | -1,267,000 | -745,000 | -748,000 | -962,000 | -1,174,000 | -733,000 | -724,000 | -531,000 | -403,000 | -880,000 | -464,000 | -970,000 | -986,000 | -666,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 15,605,000 | -16,418,000 | 10,242,000 | 12,128,000 | -4,049,000 | -2,246,000 | -1,671,000 | 2,863,000 | -1,346,000 | 2,401,000 | 2,210,000 | -8,449,000 | 7,163,000 | -1,044,000 | 10,162,000 |
| Creditors | 694,000 | 1,675,000 | 1,044,000 | 1,286,000 | -2,543,000 | 1,241,000 | -360,000 | 1,048,000 | -1,327,000 | 2,705,000 | 116,000 | -2,855,000 | -1,134,000 | 1,741,000 | 2,486,000 |
| Accruals and Deferred Income | -520,000 | 4,006,000 | -2,798,000 | 1,777,000 | 1,443,000 | 2,489,000 | -2,175,000 | 1,493,000 | 1,123,000 | 536,000 | 1,092,000 | -1,804,000 | 1,027,000 | -1,016,000 | 2,771,000 |
| Deferred Taxes & Provisions | 10,492,000 | 876,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -139,000 | 139,000 |
| Cash flow from operations | 5,444,000 | 30,554,000 | -3,481,000 | -1,341,000 | 9,626,000 | 11,642,000 | 3,927,000 | 3,628,000 | 4,548,000 | 3,653,000 | 3,058,000 | 8,793,000 | -709,000 | 8,765,000 | 5,577,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -494,000 | 494,000 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,223,000 | 3,315,000 | 3,134,000 | 4,806,000 | 4,291,000 | 1,169,000 | -232,000 | -437,000 | -6,093,000 | -1,771,000 | -1,156,000 | -4,164,000 | -352,000 | -7,150,000 | 24,865,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,231,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -279,000 | -47,000 | 13,000 | 14,000 | 78,000 | 12,000 | 6,000 | 84,000 | -15,000 | -76,000 | -52,000 | -226,000 | -139,000 | -244,000 | -1,138,000 |
| cash flow from financing | 2,175,000 | 3,268,000 | 3,147,000 | 4,820,000 | 4,369,000 | 1,181,000 | -226,000 | -353,000 | -6,108,000 | -1,847,000 | -1,208,000 | -4,390,000 | -491,000 | -7,394,000 | 34,625,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -21,442,000 | 21,380,000 | -6,833,000 | -2,975,000 | 6,489,000 | 3,218,000 | -2,792,000 | -120,000 | -7,041,000 | 784,000 | -989,000 | 3,663,000 | -973,000 | -3,169,000 | 10,809,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -21,442,000 | 21,380,000 | -6,833,000 | -2,975,000 | 6,489,000 | 3,218,000 | -2,792,000 | -120,000 | -7,041,000 | 784,000 | -989,000 | 3,663,000 | -973,000 | -3,169,000 | 10,809,000 |
ikea distribution services limited Credit Report and Business Information
Ikea Distribution Services Limited Competitor Analysis
Perform a competitor analysis for ikea distribution services limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in MK9 area or any other competitors across 12 key performance metrics.
ikea distribution services limited Ownership
IKEA DISTRIBUTION SERVICES LIMITED group structure
Ikea Distribution Services Limited has no subsidiary companies.
Ultimate parent company
INGKA HOLDING BV
#0011548
2 parents
IKEA DISTRIBUTION SERVICES LIMITED
03568682
ikea distribution services limited directors
Ikea Distribution Services Limited currently has 2 directors. The longest serving directors include Mr Peter Jelkeby (Sep 2019) and Mr Constantinos Mourouzides (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Jelkeby | United Kingdom | 61 years | Sep 2019 | - | Director |
| Mr Constantinos Mourouzides | United Kingdom | 50 years | Oct 2019 | - | Director |
P&L
August 2023turnover
146.2m
+23%
operating profit
7.1m
+26%
gross margin
14.5%
+10.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
22m
+0.38%
total assets
71.3m
+0.37%
cash
9k
-1%
net assets
Total assets minus all liabilities
Similar Companies
ikea distribution services limited company details
company number
03568682
Type
Private limited with Share Capital
industry
46470 - Wholesale of furniture, carpets and lighting equipment
46499 - Wholesale of household goods (other than musical instruments) n.e.c.
incorporation date
May 1998
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2023
previous names
ikea wholesale limited (May 2007)
919th shelf trading company limited (June 1998)
accountant
-
auditor
KPMG LLP
address
100 avebury boulevard, milton keynes, MK9 1FH
Bank
HSBC BANK PLC
Legal Advisor
-
ikea distribution services limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to ikea distribution services limited.
ikea distribution services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
